MassRoots, Inc. (OTCQB: MSRT) semi-anonymous social network entirely dedicated to cannabis. MassRoots enables users to create a personal marijuana identity where they would be able to share what type of cannabis they are consuming and pictures from their marijuana experiences. The network can also be used for campaigns and non-profits for the support of legalization initiatives, petition drives and support rallies. SNNLive caught up with Isaac Dietrich, CEO of MassRoots, Inc. at the Growth Capital Expo 2015 in Las Vegas, NV.
“MassRoots is one of the largest and most active social networks for the cannabis community. People use our app to find smoking buddies, follow their favorite dispensaries, and find out what’s going on in the cannabis community,” Mr. Dietrich begins.
He then provides an update since our last in interview in December 2014 (See here: MassRoots – Social Networking App for the Cannabis Community), “In February, Apple re-admitted MassRoots to the app store in a policy change that social cannabis apps are once again allowed to be distributed on iOS devices. So since that time, we’ve scaled our network to 275,000 users. We currently have about 100 businesses using MassRoots for business, which is a self-service portal in which dispensaries and glass shops and cannabis related businesses can advertise their goods and services to the cannabis community.”
On future growth, Mr. Dietrich explains, “Right now, we’re primarily focused on scaling the network to 1 million users. We feel that once we reach that point, we’ll have a large enough user base that businesses will be willing to pay a premium to be listed on MassRoots, and it’s at that point in time that we really want to start monetizing our network. We don’t really want to prematurely try to monetize and risk long-term shareholder value being lost because we filled the network with ads.”
For more information about MassRoots, Inc., go to: www.Investors.MassRoots.com
Since speaking with Isaac in April 2015 in Las Vegas, the company has made the following announcements:
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